What is the schedule for reporting covered securities?
2011 — the following securities purchased after Jan. 1, 2011, will be considered eligible or covered: • Stocks purchased on or after January 1, 2011, are “covered” and will be reported starting in tax year 2011. (Note, if any stocks or real estate investment trusts (REITs) are designated by the shareholder as part of a dividend reinvestment plan, they will be exempt from cost basis reporting in 2011, and become covered in 2012.) 2012 — the following securities purchased on or after January 1, 2012, will be considered eligible or covered: • Stocks and real estate investment trusts (REITs) in dividend reinvestment plans, mutual funds, exchange traded funds (ETFs) and closed-end funds purchased on or after January 1, 2012 are “covered” and will be reported starting with the 2012 tax year. 2013 — the following securities purchased on or after January 1, 2013, will be considered eligible or covered: • Fixed-income securities, options, debt, certificates and exchange traded notes (ETNs) purc
